August 21, 2008
Posted: August 21st, 2008 02:45 PM ET
Sen. McCain campaigned in New Mexico Wednesday.
(CNN) – In a unanimous decision Thursday, the Federal Election Commission granted a request from John McCain’s campaign to withdraw from a program that provides presidential candidates with matching funds during the primary season. The Democratic National Committee filed a complaint with the FEC earlier this year after the McCain campaign announced that it was withdrawing from the primary season matching funds program, in a bid to avoid spending restrictions that would have resulted if they participated. Democrats argued that the McCain camp could not legally opt out after obtaining a $4 million line of credit using the prospect of the public matching funds as collateral, and could not unilaterally withdraw without approval from the FEC, which did not have a voting quorum for much of the year. The party also called for an FEC investigation of McCain’s campaign finances. The McCain campaign had said that the possibility of receiving public matching funds was not in reality the collateral for the line of credit that kept the Arizona senator’s campaign afloat. The DNC has not yet said whether they will continue to press for a federal investigation. Filed under: FEC John McCain |
The latest political news from CNN's Best Political Team, with campaign coverage, 24-7. Sign up for our twice daily Ticker emails. Got a news tip or feedback? For complete political coverage, bookmark CNNPolitics.com. CNN=Politics Screensaver
New in the Ticker
@wolfblitzercnn: Trifecta -- NOT. My Redskins, Bills and Packers all lose this weekend. Very sad.
Updated: Mon, 21 Dec 2009 20:40:09 -0800 @HornickCNN: RT @andersoncooper: Interactive: The top 10 Health-Care-Reform Players http://bit.ly/6C3OlX
Updated: Mon, 21 Dec 2009 19:47:50 -0800 @HornickCNN: RT @cnn_oppmann: CNN.com: Mexico City approves same-sex marriage. http://bit.ly/5RyMnk #mexico
Updated: Mon, 21 Dec 2009 19:46:26 -0800 @HornickCNN: Rudy's reportedly not running for NY SEN or Gov ...
Updated: Mon, 21 Dec 2009 19:43:48 -0800 @wolfblitzercnn: Redskins-Giants always exciting. Both teams have a lot to prove. And Giants can still salvage playoffs. Skins just need a win.
Updated: Mon, 21 Dec 2009 17:19:36 -0800 Categories
Archive
Popular Posts
|
Loading weather data ...